A Massachusetts judge on Friday blocked GE Vernova from abandoning work on the largest offshore wind farm in New England after developer Vineyard Wind refused to pay over $300 million the turbine supplier says it is owed for the $4.5 billion project.Suffolk County Superior Court Judge Peter Krupp in Boston issued a preliminary injunction at developer Vineyard Wind's request preventing a GE
Vineyard Wind has filed a lawsuit seeking to block a wind turbine-supplying unit of GE Vernova from terminating agreements and abandoning work on a $4.5 billion offshore wind farm in Massachusetts on the eve of completion.Vineyard Wind, a joint venture between Spain's Iberdrola IBE.
Two Chinese container ships sailed through the Strait of Hormuz on Monday on their second attempt to leave the Gulf after turning back on Friday, ship-tracking data showed.The critical waterway has effectively been shut since the U.S.-Israeli war with Iran began on February 28.The vessels sailed in close formation out of the strait and into open waters, data on the MarineTraffic platform showed.
Two Chinese container ships turned backed after trying to exit the Gulf via the Strait of Hormuz on Friday, ship-tracking data showed, despite assurances from Iran that Chinese vessels could pass.The operator, China's COSCO, had said in a March 25 client advisory that it had resumed bookings for general cargo containers for shipments from Asia to the United Arab Emirates, Saudi Arabia, Bahrain
Crosby Enterprises, LLC (the “Company”) announced that the Company filed chapter 11 cases for several of its subsidiary/affiliate units, Crosby Tugs, L.L.C., Crosby Dredging, L.L.C. and Crosby Marine Transportation, L.L.C., in the U.S. Bankruptcy Court for the Eastern District of Louisiana on March 23, 2026.
Oil prices rose about 2% on Thursday after two days of declines as investors assessed developments in Venezuela and on worries about supplies from Russia, Iraq and Iran.Brent futures rose $1.21, or 2%, to $61.17 per barrel at 11:17 a.m. EST (1617 GMT), while U.S. West Texas Intermediate crude gained $1.02, or 1.8%, to $57.01.The U.S.
A federal judge on Monday struck down an order by U.S. President Donald Trump's administration to halt all federal approvals for new wind energy projects, saying that agencies' efforts to implement his directive were unlawful and arbitrary.Agencies including the U.S. Departments of the Interior and Commerce and the Environmental Protection Agency have been implementing a directive to halt all
TADEK Ocean Engineering, a UK offshore engineering consultancy delivering front-end advisory, through-project delivery solutions and naval architecture analysis, announced its new look leadership team and strategic new senior appointments as the company prepares for further growth.
The United States is committed to deepening military cooperation with Finland, Finnish Defence Minister Antti Hakkanen said on Thursday, despite U.S. plans to scale back its operations elsewhere on NATO's eastern flank in Europe.Finland, which joined NATO in 2023 in response to Russia's 2022 invasion of its other neighbour Ukraine, has a bilateral Defence Cooperation Agreement with the U.S.
New U.S. tariffs and escalating global trade tensions have reshaped vessel markets in the first half of 2025, curbing investment in some sectors while accelerating strategic orders in others, according to the Half-Year Market Report by Veson Nautical, a provider of maritime freight management solutions and data intelligence.The report states that U.S.
As the shipping world prepares to descend on Oslo for Nor’ Shipping 2025, we take a look at the Norwegian fleet which is currently valued at USD 66.2 bn using VesselsValue data. The following charts highlight the Norwegian fleet breakdown by vessel type, top Norwegian companies, S&P transactions, and the breakdown of dual fuel orders by sector.
Offshore services provider DOF has announced an investment in a modular cable repair spread designed to expedite offshore wind operators’ response to cable faults.Engineered for compatibility across DOF’s fleet of 65 vessels, the system offers an industry-first combination of fleet-wide flexibility, road transportability, and rapid deployment capabilities.